This compound is primarily utilized in organic synthesis, particularly in the development of pharmaceuticals and biologically active molecules. Its structure, featuring a urea moiety and a boronate ester group, makes it valuable in Suzuki-Miyaura cross-coupling reactions, which are widely used to form carbon-carbon bonds in drug discovery and material science. The boronate ester group acts as a key intermediate, enabling the introduction of aromatic rings into complex molecules. Additionally, the presence of the methoxybenzyl group can enhance the compound's stability and solubility, making it suitable for use in medicinal chemistry research. Its applications are often focused on creating novel therapeutic agents, including potential treatments for cancer, inflammation, and other diseases.